NOT LISTED FOR SALE

Estimated Value: $87,000

-- Bed
3 Baths
2,511 Sq Ft
$35/Sq Ft Est. Value

Last Sold July 06, 2022

Last sale price $83,000 $33 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $653/month

42 Days on Market

Highlights

  • 3 Kitchens
  • Forced Air Heating System
  • Wood Siding
  • No HOA

About This Home

As of July 2022

Great opportunity to invest in a rental property. 3 units. 2 - 2 bedroom units on main floor and 1 - 1 bedroom unit up. All with private access. Large parking space in rear. Tons of potential

Last Listed By

Erin Rundall

Keller Williams Realty GDM Listed on: 03/12/2022

Keller Williams Realty GDM

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,028

Year Built

  • Built in 1896

Lot Details

  • 6,400 Sq Ft Lot
  • Lot Dimensions are 50x128

Parking

  • Gravel Driveway

Home Design

  • Block Foundation
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 2,511 Sq Ft Home
  • 1.5-Story Property
  • 3 Kitchens
  • Unfinished Basement

Utilities

  • No Cooling
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 08005239000000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,028

Year Built

Built in 1896

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: 1.5 Story
  • Lp Amt Sq Ft: 35.44
  • Sp Amt Sq Ft: 33.05
  • Termite: Follow Showing Instructions
  • Year Built: 1896
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • First Floor Full Bathrooms: 1
  • Second Floor Full Bathrooms: 2
  • Basement Description: Unfinished
  • Sq Ft Bsmt: 416
  • Kitchens: 3
  • Living Area Sq Ft: 2511
  • Total Sq Ft: 2511

Exterior Features

  • Exterior: Wood
  • Foundation: Concrete Block, Tile
  • Roof: Asphalt Shingle
  • Street Feature: Concrete

Garage/Parking

  • Driveway: Gravel

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: None
  • Heat: Gas Forced Air
  • Separate Meters: Y

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.1470
  • Lot S F: 6400
  • Lot Shape: Regular
  • Lot Size: 50X128
  • Assessor Parcel Number: 08005239000000
  • Zoning: C-1

Rental Info

  • Landlord Tenant Utilities: Electric Tenant, Gas Tenant

Tax Info

  • Gross Taxes: 2028.00
  • Net Taxes: 2028.00
  • Tax Year: 2020

Multi Family

  • Total Units: 3

MLS Schools

  • School District: Des Moines Independent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2024
Sold by
Wiles Markey Adon
Bought by
Marathon Cashflow Llc
Total Days on Market
42
Current Estimated Value
$87,000

Purchase Details

Listed on
Mar 12, 2022
Closed on
Jul 5, 2022
Sold by
Lane Investments Llc
Bought by
Wiles Markey Adon
Seller's Agent
Erin Rundall
Keller Williams Realty GDM
Buyer's Agent
Emily Hoener
RE/MAX Concepts
List Price
$89,000
Sold Price
$83,000
Premium/Discount to List
-$6,000
-6.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.68%

Purchase Details

Closed on
Mar 10, 2022
Sold by
Dt Housing Llc
Bought by
Lane Investments Llc

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Marathon Cashflow Llc -- None Listed On Document
Marathon Cashflow Llc -- None Listed On Document
Wiles Markey Adon $83,000 None Listed On Document
Lane Investments Llc $40,000 Hubbard Law Firm Pc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wiles Markey Adon $189,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2022 07/06/22 Sold $83,000 -6.7% $33 / Sq Ft
04/23/2022 04/23/22 Pending -- -- --
04/19/2022 04/19/22 Pending -- -- --
04/15/2022 04/15/22 For Sale $89,000 0.0% $35 / Sq Ft
03/16/2022 03/16/22 Price Changed $89,000 -28.7% $35 / Sq Ft
03/12/2022 03/12/22 For Sale $124,900 -- $50 / Sq Ft
Source: Des Moines Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,026 $103,000 $13,500 $89,500
2023 $1,972 $103,000 $13,500 $89,500
2022 $2,306 $83,700 $11,300 $72,400
2021 $2,048 $83,700 $11,300 $72,400
2020 $2,300 $68,600 $10,300 $58,300
2019 $2,018 $68,600 $10,300 $58,300
2018 $2,146 $57,000 $10,300 $46,700
2017 $2,018 $57,000 $10,300 $46,700
2016 $2,104 $51,500 $8,600 $42,900
2015 $2,104 $51,500 $8,600 $42,900
2014 $2,056 $46,000 $8,600 $37,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 647466

Des Moines Area Association of REALTORS®

APN: 080-05239000000